A funding package to deliver the Daventry Development Link Road has been agreed by councillors.
The road, also known as the A45 Flore/Weedon Bypass, is a key infrastructure project to relieve traffic on local villages and enable the future growth of Daventry.
At Daventry District Council’s (DDC) annual council meeting last night (Wednesday), Members voted to enter into a funding agreement with Northamptonshire County Council (NCC) to deliver the project.
It will see DDC invest more than £20 million from the New Homes Bonus generated from the Church Fields urban extension on the north east edge Daventry, which the road would make possible, and developer contributions including the Community Infrastructure Levy (CIL).
DDC will also ask Weedon and Flore Parish Councils to contribute to the project using CIL money, as both stand to benefit from reduced traffic once the road is in place.
Most of the remaining £14.4 million of the project’s £35.7 million estimated total cost will come from the Local Growth Fund – Government money secured by Northamptonshire Enterprise Partnership with backing from the South East Midlands Local Enterprise Partnership.
NCC submitted a planning application for the link road in January and it is expected to be determined in June. Should the project get the go-ahead, NCC will appoint a contractor with the intention of starting construction this October.
It is hoped the road could open as early as June 2017.
Cllr Chris Millar, leader of Daventry District Council, said: “This is a large investment for this council, but it is crucial to the future development of Daventry that we have the link road in place.
“Not only will it reduce traffic through Weedon and Flore, bringing relief to residents of those villages, it will also pave the way for our long-term plans for the sustainable growth of the town.
“We’re delighted to be able to agree a funding package that will help deliver this project and the many benefits it will bring to both the town as well as the wider district.”